Financial Literacy

Financial Literacy

5th Grade

15 Qs

quiz-placeholder

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Financial Literacy

Financial Literacy

Assessment

Quiz

Social Studies

5th Grade

Practice Problem

Hard

Created by

John Robinson

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15 questions

Show all answers

1.

DROPDOWN QUESTION

1 min • 1 pt

Media Image

Before taxes and deductions, Mrs. Allen's pay was $1,600. This is considered her - (a)  

net income

gross income

deposits

income tax

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Investing your money means

giving it away for free

putting your money into financial assets with the hope it will earn you more money

burying it in your backyard

spending it all on luxury items

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

House payment, rent, groceriers, and car payment are all examples of

income

needs

deductions

expenses

4.

CATEGORIZE QUESTION

1 min • 1 pt

Organize these options into the right categories

Groups:

(a) Good decision

,

(b) Bad decision

having a plan for repayment of borrowed money

using the atm machine when you do not have money in the account

using your student loan to go on spring break vacation

taking out a student loan to pay for college classes

writing a check when you do not have money in your account

only making the minimum balance on your credit card

borrowing money on your credit card

borrowing money from the bank

borrowing money to buy a house

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A plan for using money is called a ___________

loan

savings

income

budget

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Giving your cousin your apple in exchange for his banana is an example of

bartering

stealing

interest

saving

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The money you earn is called

expenses

donations

income

savings

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